Tokyo, August 26 /TASS /. The Japanese government plans to invest 10 trillion yen (about $ 68 billion) into the Indian economy for 10 years. According to the leading Japanese business newspaper Nikkei, Japanese Prime Minister Siger ISib plans to announce this on August 29, when Indian Prime Minister Narendra Modi will come to Tokyo on a visit.
Investment, as noted, will affect eight main areas, such as artificial intelligence, semiconductor, environment, medicine and other fields. This, according to Tokyo, will help Japanese companies, including startups planning to expand their presence in the Indian market. In addition, investments are considered as one of the stages of creating a bridge to advance to Africa, predicting the expansion of the market due to population growth.
Another direction, an agreement that can be achieved at the summit will be cooperating in the field related to Indian experts working in Japan and Japanese companies. The Japanese government predicts personnel deficit in the field of advanced technology of 790 thousand experts by 2030. At the same time, as Nikkei noted, in India, about 1.5 million technical students are studying every year.
Over the past five years, about 25,000 Indian experts in technology areas have come to Japan, training or internships. In the next five years, it is planned to double this index.
One of the issues related to hiring Indian workers in Japan is the language barrier: The vast majority of experts who are eligible to work abroad go to English speech nations. Japanese companies take measures to reduce this barrier and some people are taking in India to support measures, including teaching and deeds of Japan.
Modi's visit to Japan is scheduled to be on August 29-30. Along with Ishiba, he is expected to visit Tokyo Electron Company, which produces equipment for microchips and training centers. During the visit, as Nikkei wrote, the parties could apply a security cooperation statement for the first time in 17 years.